Live Update

Tuesday, September 13, 2011

THE TREND IS UP AS PER SHORT-TERM MODEL, HOLDING SHORT POSITION OVERNIGHT

The bottom line, today is the weakest follow-through I’ve seen since the Aug 9 lows, bulls need show more strength tomorrow otherwise the rebound might not go very far.

So the question is, will we see a renewed strength from bulls tomorrow? As of now, I’m a little skeptical, because TICK closed above 1,000 again today which means more likely no big up tomorrow if not red.

The short setup of the Cobra Impulse System wasn’t confirmed today but the system will try to sell short again tomorrow, see table below for more details.

THE TREND IS UP AS PER SHORT-TERM MODEL, HOLDING SHORT POSITION OVERNIGHT

The bottom line, today is the weakest follow-through I’ve seen since the Aug 9 lows, bulls need show more strength tomorrow otherwise the rebound might not go very far.

So the question is, will we see a renewed strength from bulls tomorrow? As of now, I’m a little skeptical, because TICK closed above 1,000 again today which means more likely no big up tomorrow if not red.

The short setup of the Cobra Impulse System wasn’t confirmed today but the system will try to sell short again tomorrow, see table below for more details.

Disclaimer

The information contained on this website and from any communication related to the author’s blog and chartbook is for information purposes only. The chart analysis and the market recap do not hold out as providing any financial, legal, investment, or other advice. In addition, no suggestion or advice is offered regarding the nature, profitability, suitability, sustainability of any particular trading practice or investment strategy. The materials on this website do not constitute offer or advice and you should not rely on the information here to make or refrain from making any decision or take or refrain from taking any action. It is up to the visitors to make their own decisions, or to consult with a registered professional financial advisor.

This websites provides third-party websites for your convenience but the author does not endorse, approve, or certify the information on other websites, nor does the author take responsibility for a part or all materials on the third-party websites which are not maintained by the author.

About This Blog

This blog contains the daily market summary based on my chart book on StockCharts.